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ACCOUNTING, ECONOMICS & BUSINESS  AFTERSCHO☺OL   –  DEVELOPING CHANGE MAKERS  CENTRE FOR SOCIAL ENTREPRENEURSHIP  -PGPSE PROGRAMME –  World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
ACCOUNTING, ECONOMICS & BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner  M: 9414430763 [email_address] www.afterschool.tk ,  www.afterschoool.tk
Solve it  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solution - Prepare statement of affairs for the two years.  1 jan 2007 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Statement of affairs on 31 dec. 2007 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Statement of profit  ,[object Object],[object Object],[object Object],[object Object]
Solve the following  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is the full form of CRR?  ,[object Object]
What is SLR?  ,[object Object]
Solve the following  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Solve it … ,[object Object],[object Object],[object Object],[object Object],[object Object]
Example of quasi contract  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bank overdraft  as per trial balance is Rs. I .60  crore. Bank has allowed the customer 80 % of the hypothecated goods. Hypothecation of stock has been done by the  bank at 80% of the original closing stock value. What is the amount of closing stock
Solution  ,[object Object],[object Object],[object Object],[object Object]
What is day to day market period?  ,[object Object]
Why is demand curve convex to the origin?  ,[object Object],[object Object]
What is equilibrium of the firm in day to day market period in perfect competition?  ,[object Object]
A company purchased 3 years lease on 1st April, 2004 for Rs. 50,000. It is decided to provide for the replacement of the lease at the end of 3 years by setting up a depreciation fund. It is expected that investment will fetch at 12%. The investments are sold for Rs. 28,500.
Solution  ,[object Object],[object Object],[object Object],[object Object]
Solution ,[object Object]
A machine purchased on 1.4.2003  for Rs. 10 lakhs was depreciated on straight line  basis over its useful life of 10 years. On 1-4-5, it was found that  machine is in a good condition and will be used in the production for another 10 years. The amount of depreciation for the year 31-3-06 will be?  ,[object Object]
Goti  of Kolkala sends goods costing 100000 to Pawan of Mumbai  at  cost + 25%. Consignor’s  expenses Rs 2,000. 3/5’ of the goods were sold by consignee at 85000.  Commission 2% on sales + 20% of gross sales less all commission exceeds in-voice value. amount of total commission will be: ,[object Object],[object Object],[object Object]
FINANCIAL ANALYSIS – PREPARE THE BALANCE SHEET  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
SOLUTION  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Other information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continued  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
State, explain and critically discuss the Cambridge version of Quantity Theory of Money. ,[object Object],[object Object],[object Object],[object Object]
Solution …. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What are the factors which determine cash deposit ratio of a bank? What are the sources of cash reserves of the banking system? ,[object Object]
How would you define money? What are alternative approaches for doing so? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued… ,[object Object],[object Object],[object Object]
WHAT IS GRESHAM’S LAW? ,[object Object]
What are the functions of money?  ,[object Object],[object Object],[object Object],[object Object]
Draw production possibility curve with the following information . .  ,[object Object],[object Object],0 10 18 24 28 30 5 4 3 2 1 0
There are two types of products, what is the opportunity cost of producing 10 units of first unit instead of 0 units?  ,[object Object],[object Object],[object Object],0 60 30 50 55 40 75 30 90 20 100 10 105 0
Solve the following?  ,[object Object]
Find opportunity cost of Sudha? ,[object Object]
What is the accounting cost of Sudha?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is the economic cost of Sudha?  ,[object Object],[object Object]
What should a developing economy do  ? ,[object Object],[object Object]
In the previous PPC (production possibility curve) if production of second unit is increased from 10 to 24, what is the opportunity cost?  ,[object Object]
We make  DahiBada  and cost structure is as under?  1060 60 790 50 540 40 400 30 300 20 210 10 100 0 TC MC AFC AVC VC FC TC Qty
If price of DahiBada is Rs. 14 each, what is the best output? -220 840 1060 60 -90 700 790 50 20 560 540 40 20 420 400 30 -20 280 300 20 -70 140 210 10 -100 0 100 0 Profit TR TC MC AFC AVC VC FC TC Qty
Solution  ,[object Object]
What is VC when 60 DahiBada  are made?  ,[object Object],[object Object],[object Object]
A contracts with B to buy jewellery made of pearls whereas in fact it IS made of imitation pearls of no value. B knows that A is mistaken and takes no steps to correct the error. NOW A wants to cancel the contract on the basis of fraud. what should he do?
Solution  ,[object Object]
what is AFC?  ,[object Object],[object Object],[object Object],[object Object]
If this is the cost schedule, what is the AFC & AVC when we make 6 units?
Solution  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What will happen if utility obtained in first unit is 10, 2 nd  unit 7, 3 rd  unit 3, and 4 th  unit = -4. show total utility
In the previous question, how  many units will the consumer consume and what will be his total utility?  ,[object Object]
When do you find marginal return diminishing?  690 6 610 5 540 4 480 3 410 2 330 1 240 0 TC units
Solution  80 690 6 70 610 5 60 540 4 70 480 3 80 410 2 90 330 1 240 0 MC TC units
Solution … ,[object Object]
What do you understand by equilibrium of a firm? Explain your answer. ,[object Object]
Example: EQUILIBRIUM OF THE FIRM
Clarify the statement that a firm  is a price taker under perfect competition but not so in monopoly or monopolistic competition. Give reasons for your answer. ,[object Object]
Illustration . .as we can see in the graph below : (there are different firms, each trying to match industry..
Detailed explanation ,[object Object]
Graph of perfect market.
Explain the concept of optimum output. Under what conditions is it achieved by a firm ? ,[object Object],[object Object]
Solution  ,[object Object],[object Object],[object Object]
Graph
What will happen if prices increase and income of the people also increase. Presently you are at 1.
Solution  ,[object Object],[object Object]
Explain the determination of long term equilibrium of a firm under perfect competition. Show, inter alia, that it will produce at the least possible average cost of production. ,[object Object]
Graph…
A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month. After some time, he raises the price to Rs. 15 per pen. Following the price rise: • Only 60 pens were sold every month. • The number of refills bought went down from 200 to 150. • The number of ink pen customers bought went up from 90 to 180 per month. The Cross elasticity of monthly demand for refills when the price of gel pen increase from Rs. 10 to Rs.15 is equal to:
Solution  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The cross elasticity of monthly demand for ink pen when the price of gel pen increases from Rs.10 to Rs. 15  is equal to: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ABOUT AFTERSCHO☺OL  ,[object Object]
Why such a programme? ,[object Object],[object Object],[object Object],[object Object]
Who are our supporters? ,[object Object],[object Object]
About AFTERSCHO☺OL  PGPSE – the best programme for developing great entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Workshops from AFTERSCHO☺OL  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Flexible Specialisations: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Salient features: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Components  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Pedagogy  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Branches ,[object Object]
Case Studies ,[object Object]
Basic values at AFTERSCHO☺OL  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
www.afterschoool.tk   social entrepreneurship for better society

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Accounting Economics And Business 13 Nov

  • 1. ACCOUNTING, ECONOMICS & BUSINESS AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP -PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL
  • 2. ACCOUNTING, ECONOMICS & BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk , www.afterschoool.tk
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  • 13. Bank overdraft as per trial balance is Rs. I .60 crore. Bank has allowed the customer 80 % of the hypothecated goods. Hypothecation of stock has been done by the bank at 80% of the original closing stock value. What is the amount of closing stock
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  • 18. A company purchased 3 years lease on 1st April, 2004 for Rs. 50,000. It is decided to provide for the replacement of the lease at the end of 3 years by setting up a depreciation fund. It is expected that investment will fetch at 12%. The investments are sold for Rs. 28,500.
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  • 42. We make DahiBada and cost structure is as under? 1060 60 790 50 540 40 400 30 300 20 210 10 100 0 TC MC AFC AVC VC FC TC Qty
  • 43. If price of DahiBada is Rs. 14 each, what is the best output? -220 840 1060 60 -90 700 790 50 20 560 540 40 20 420 400 30 -20 280 300 20 -70 140 210 10 -100 0 100 0 Profit TR TC MC AFC AVC VC FC TC Qty
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  • 46. A contracts with B to buy jewellery made of pearls whereas in fact it IS made of imitation pearls of no value. B knows that A is mistaken and takes no steps to correct the error. NOW A wants to cancel the contract on the basis of fraud. what should he do?
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  • 49. If this is the cost schedule, what is the AFC & AVC when we make 6 units?
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  • 51. What will happen if utility obtained in first unit is 10, 2 nd unit 7, 3 rd unit 3, and 4 th unit = -4. show total utility
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  • 53. When do you find marginal return diminishing? 690 6 610 5 540 4 480 3 410 2 330 1 240 0 TC units
  • 54. Solution 80 690 6 70 610 5 60 540 4 70 480 3 80 410 2 90 330 1 240 0 MC TC units
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  • 59. Illustration . .as we can see in the graph below : (there are different firms, each trying to match industry..
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  • 61. Graph of perfect market.
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  • 64. Graph
  • 65. What will happen if prices increase and income of the people also increase. Presently you are at 1.
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  • 69. A shopkeeper sells gel pen at Rs. 10 per pen. At this price he can sell 120 per month. After some time, he raises the price to Rs. 15 per pen. Following the price rise: • Only 60 pens were sold every month. • The number of refills bought went down from 200 to 150. • The number of ink pen customers bought went up from 90 to 180 per month. The Cross elasticity of monthly demand for refills when the price of gel pen increase from Rs. 10 to Rs.15 is equal to:
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  • 84. www.afterschoool.tk social entrepreneurship for better society